First National (FRA:I9G) Median PS Value: €20.94 (As of Aug. 17, 2026) — 1575% Above Median

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:I9G First National Corp FRA:I9G
64 GF Score
Price €27.75
GF Value €20.70
! 5 Warning Signs
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What is First National Median PS Value?

First National FRA:I9G +0.73% 64 Median PS Value is €20.94 as of Aug. 17, 2026, which is 100% below its 10-year median of 1.25. GuruFocus rates FRA:I9G with a GF Score™ of 64/100 and a GF Value™ of €20.70. The stock has 5 warning signs investors should review. Among 1,055 Banks companies, First National ranks worse than 68.15% on this metric.

This valuation method assumes that the stock valuation will revert to its historical (10-Year) median in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.

Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. First National's Revenue per Share for the trailing twelve months (TTM) ended in Jun. 2026 was €8.606. First National's 10-Year median PS Ratio is 2.4332. Therefore, the Median PS Value for today is €20.94.

As of today (2026-08-17), First National's share price is €27.75. First National's Median PS Value is €20.94. Therefore, First National's Price to Median PS Value for today is 1.33.

The historical rank and industry rank for First National's Median PS Value or its related term are showing as below:

FRA:I9G' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.79   Med: 1.25   Max: 1.93
Current: 1.33

During the past 13 years, the highest Price to Median PS Value of First National was 1.93. The lowest was 0.79. And the median was 1.25.

FRA:I9G's Price-to-Median-PS-Value is ranked worse than
68.15% of 1055 companies
in the Banks industry
Industry Median: 1.13 vs FRA:I9G: 1.33

First National  (FRA:I9G) Median PS Value Explanation

This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.

It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.

First National's Price to Median PS Value for today is calculated as

Price to Median PS Value=Share Price/Median PS Value
=27.75/20.94
=1.33

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


First National Median PS Value Related Terms


First National Median PS Value Historical Data

* Premium members only.

The historical data trend for First National's Median PS Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First National Median PS Value Chart

First National Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Median PS Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

First National Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Median PS Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 21.22

FRA:I9G vs ATLO, HWBK, OVLY: Median PS Value Comparison

For the Banks - Regional subindustry, First National's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First National Price-to-Median-PS-Value vs Banks Industry

For the Banks industry and Financial Services sector, First National's Price-to-Median-PS-Value distribution charts can be found below:

* The bar in red indicates where First National's Price-to-Median-PS-Value falls into.


FRA:I9G
64GF Score
First National Corp FRA:I9G
Median PS Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First National Median PS Value Calculation

First National's Median PS Value for today is calculated as

Median PS Value=Revenue per Share (TTM)*10-Year Median PS Ratio
=8.606*2.4332
=20.94

10-Year Median PS Ratio is 2.4332.
First National's Revenue per Share for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €8.606.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Median PS Value →
What does a Median PS Value of €20.94 mean?
First National (FRA:I9G) has a Median PS Value of €20.94 as of Aug. 17, 2026. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on First National and its competitors. This is 1575% above median its historical median of 1.25. Over the past decade, First National's Median PS Value has ranged from 0.79 to 1.93. According to the industry distribution chart, First National ranks #719 out of 1055 companies in the Banks industry, placing it in the top 68.2%.
Is First National's Median PS Value too high?
First National's current Median PS Value of €20.94 is 1575% above median its 10-year median of 1.25. Over the past 10 years, this metric has ranged from a low of 0.79 to a high of 1.93. Based on the distribution chart, First National ranks #719 out of 1055 companies in the Banks industry, which is below the industry midpoint. Overall, First National has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does First National's Median PS Value compare to ATLO and HWBK?
According to the Banks industry distribution chart, First National ranks #719 out of 1055 companies for Median PS Value. This places First National in the lower half of its industry. The industry median Median PS Value is 1.13. Historically, First National's own Median PS Value has ranged from 0.79 to 1.93 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Median PS Value for a Banks company?
The median Median PS Value among Banks companies is 1.13, based on 1,055 companies in the industry. Companies in the top quartile (top 25%) have a Median PS Value significantly above this median, while those in the bottom quartile fall well below. However, Median PS Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Median PS Value mean?
A high Median PS Value can signal that a stock is expensive relative to its fundamentals. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on First National and its competitors. For the Banks industry, the median Median PS Value is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First National's current Median PS Value is €20.94, which is 1575% above median its own 10-year median of 1.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First National stock overvalued right now?
First National (FRA:I9G) has a current Median PS Value of €20.94. The stock's GF Value™ is €20.70, compared to a current price of €27.75 — trading 34.1% above its estimated fair value. The current Median PS Value is €20.94, which is 1575% above median its 10-year median of 1.25. First National's overall GF Score™ is 64/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Median PS Value calculated?
Median PS Value is calculated from a company's financial statements. For First National (FRA:I9G), the current Median PS Value is €20.94 as of Aug. 17, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First National (FRA:I9G) Overvalued in 2026?

Based on GuruFocus' analysis, First National stock appears to be overvalued. The current stock price of €27.75 is trading 34.1% above its estimated GF Value™ of €20.70.

Key valuation signals for FRA:I9G:

  • Median PS Value: €20.94 (1575% above median its 10-year median of 1.25)
  • GF Value™: €20.70 vs. price of €27.75 (34.1% above fair value)
  • GF Score™: 64/100 with 5 warning signs

No single metric tells the full story. See the FRA:I9G stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First National Business Description

Other Exchanges FXNC:USA
Address 112 West King Street, Strasburg, VA, USA, 22657
First National Corp is a bank holding company of First Bank, which is a commercial bank. Its core offering includes loans, deposits, wealth management, and other products and services. The Company operates through two reportable operating segments: Community Banking and wealth management. The Community Banking segment involves making loans and generating deposits from individuals, businesses, and charitable organizations. Wealth Management Services offers corporate trustee services, trust and estate administration, IRA administration and custody services. The company has revenue from Community Banking segment.
64GF Score

Get the complete analysis for FRA:I9G

Median PS Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€27.75
Price
€20.70
GF Value